2509 Larry St SW · Huntsville, AL 35805

$135,000

2 bd · 1.0 ba · 900 sqft · SingleFamily public records · 4 Days on market

Built 1945 10,018 sqft lot Est $147k · 8% under

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +16.6/30.0
• ARV discount +11.1/15.0
• DSCR +5.1/10.0
• Livability +4.1/5.0
• 1% rule +3.5/10.0
• Rent growth +3.0/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Opportunity awaits at 2509 Larry St! This 2-bedroom, 1-bath home offers great potential for investors, flippers, or buyers looking to add their personal touch. Conveniently located near shopping, dining, and major roadways. Property is being sold AS-IS, WHERE-IS. Buyer to verify all information deemed important.

Key facts

• 0.23 acre lot
• Listed 4 days

Property features AI

Finance

• Other: Lot size about 0.23 acres; Directions: Go south on Memorial Parkway, right on Bob Wallace, right onto Larry St — house on the left
• HOA & community: No association

Exterior

• Parking: Detached carport
• Utilities: Public sewer; Public water
• Home design: Single family residence; Residential property; Living area approximately 1,000; Not new construction
• Construction: No fireplaces
• Exterior features: Public water; Public sewer; Lot in Westlawn subdivision

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Cooling: Other; Heating: See remarks
• Interior features: 5 total rooms; Crawl space basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $81 ($970/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $115k (14.9% below list).
• Recommended offer: $115k (14.9% below list) — sets the bar for 1% rule.
• Cap rate 7.0% vs local median 3.8% in Huntsville — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 82/100 on livability (#3 in AL, #1,082 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: crime F.
• Huntsville City (urban): math 21% / reading 46% proficiency, ranked #48 of 129 in AL (top 37%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Morris Elementary School (math 5% / reading 31%, grade F, #481 of 627 statewide, top 77%, 515 students, 90% FRL); Columbia High School (math 12% / reading 17%, grade F, #220 of 305 statewide, top 77%, 954 students, 50% FRL) — zoned schools average 70% FRL vs 46% district-wide (24 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 16% at this address vs 34% district-wide (-17 pts) — the specific schools serving this property underperform the Huntsville City average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+1.8%/yr); 133 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 4,709 units permitted in Madison County in 2024 (1,186 in 5+ unit buildings).
• This rent runs 39% of the median local income ($35k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Madison County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1945 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $114,882 (14.9% below list)

Questions for the listing agent

1. Built in 1945 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.85% ✗
• Cap rate: 7.01%
• Cash-on-cash: 2.57%
• DSCR: 1.11
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $146,700
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2501 #1-2 SW 15th St	0.09mi	2/1.0	920 (+2%)	12mo	$150,000	$163	82
3919 Beech Ave	0.19mi	2/1.0	841 (-7%)	3mo	$100,000	$119	77
3811 8th Ave SW	0.22mi	2/1.0	960 (+7%)	3mo	$200,000	$208	76
3916 Birch Ave SW	0.16mi	2/1.0	986 (+10%)	1mo	$158,700	$161	75
3810 9th Ave	0.20mi	2/1.0	861 (-4%)	16mo	$171,500	$199	70
3900 Birch Ave SW	0.21mi	2/1.0	1,008 (+12%)	2mo	$179,000	$178	68
3921 Pine Ave	0.27mi	2/1.0	955 (+6%)	11mo	$110,000	$115	68
2105 North Rose Dr SW	0.26mi	2/1.0	1,008 (+12%)	1mo	$129,000	$128	67
3513 7th Ave	0.47mi	2/1.0	888 (-1%)	16mo	$80,000	$90	63
2105 Sycamore St	0.27mi	2/1.0	1,015 (+13%)	19mo	$180,000	$177	50
2912 Hillsboro Rd	0.70mi	3/1.0 (+1)	925 (+3%)	19mo	$172,000	$186	42
410 Warner St NW	0.75mi	3/2.0 (+1)	1,033 (+15%)	5mo	$144,000	$139	28

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.82% rent growth · sell at horizon

5-year hold

• IRR: -13.5%
• Equity multiple: 0.52×
• Total profit: $-18,124
• Equity at exit: $20,129

10-year hold

• IRR: -6.4%
• Equity multiple: 0.61×
• Total profit: $-14,751
• Equity at exit: $11,672

Cash invested: $37,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Alabama: 90 Strongly Landlord-Friendly · R+15
• County: — inherits STATE
• City: — inherits STATE

Right-to-evict in 7 days for non-payment; no rent control; preempted statewide; courts move quickly.

Methodology + full state rankings →

ZIP-level market 35805

• Home prices YoY: -17.4%
• Rents YoY: 1.8%
• Active inventory: 133
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $1,149 high
• Mortgage (P&I): −$708
• Tax from tax record: −$63 /mo · $751/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$241
• Net cashflow: $81

Break-even live

Break-even rent $1,047

Max offer price $135,000

Occupancy floor 88%

Sensitivity live

Price	-10% $157	-5% $119	+0% $81	+5% $43	+10% $4
Rent	-10% $-10	-5% $35	+0% $81	+5% $126	+10% $172
Rate	-1.0pp $149	-0.5pp $115	base $81	+0.5pp $46	+1.0pp $10

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4013 9th Ave SW Huntsville, AL	2.0	1.0	1060	$1,098	$1.04	45d	1	0.06mi
4112 17th St SW Unit C Huntsville, AL	2.0	2.0	750	$1,095	$1.46	45d	1	0.09mi
4112 17th St SW Unit B Huntsville, AL	1.0	1.0	750	$895	$1.19	15d	1	0.09mi
4306 9th Ave SW Huntsville, AL	2.0	1.0	745	$1,175	$1.58	25d	1	0.31mi
3801 6th Ave SW Huntsville, AL	2.0	2.0	953	$1,325	$1.39	25d	2	0.36mi
2308 Wind Trace Cir SW Huntsville, AL	1.0	1.0	600	$925	$1.54	45d	1	0.39mi
4405 Judith Ln SW Huntsville, AL	1.0–3.0	1.0–2.0	937	$974	$1.04	45d	8	0.42mi
4523 Judith Ln SW Huntsville, AL	1.0	1.0	550	$850	$1.55	45d	2	0.43mi
3700 Governors Dr SW Huntsville, AL	3.0	1.0–2.0	1547	$2,032	$1.31	15d	58	0.54mi
4611 Governors House Dr SW Huntsville, AL	3.0	1.0–2.0	1149	$1,631	$1.42	15d	12	0.55mi
3204 Berkley St SW Huntsville, AL	3.0	1.5	1118	$1,400	$1.25	25d	1	0.74mi
407 Warner St NW Huntsville, AL	3.0	1.0	1015	$1,295	$1.28	25d	1	0.74mi
3218 Joslin St SW Huntsville, AL	3.0	1.5	1107	$1,495	$1.35	25d	1	0.84mi
2900 4th Ave NW Huntsville, AL	2.0	1.0–2.0	765	$1,804	$2.36	15d	81	0.85mi
3210 Clopton St SW Huntsville, AL	2.0	1.0	812	$960	$1.18	15d	1	0.85mi
3208 Clopton St SW Huntsville, AL	2.0	1.0	812	$960	$1.18	23d	1	0.85mi
3218 Fairacres Rd SW Huntsville, AL	3.0	1.5	1105	$1,300	$1.18	45d	1	0.86mi
604 Austin Dr NW Huntsville, AL	3.0	1.0	1075	$1,350	$1.26	25d	1	0.89mi
603 Austin Dr NW Huntsville, AL	3.0	1.0	1086	$1,450	$1.34	45d	1	0.89mi
3009 Hillsboro Rd SW Huntsville, AL	3.0	1.0	1000	$1,250	$1.25	25d	1	0.90mi
608 Austin Dr NW Huntsville, AL	3.0	1.5	1100	$1,350	$1.23	25d	1	0.91mi
3502 Penny St SW Unit B Huntsville, AL	3.0	2.0	1000	$1,200	$1.20	45d	1	0.92mi
2999 Woodway Dr SW Huntsville, AL	1.0–2.0	1.0	676	$915	$1.35	15d	1	0.94mi
3606 Mc Vay St SW Unit A Huntsville, AL	2.0	1.0	754	$900	$1.19	23d	1	0.98mi
3111 Hale Dr SW Huntsville, AL	3.0	1.5	1100	$1,550	$1.41	23d	1	1.01mi
612 Marguerite Dr NW Huntsville, AL	3.0	1.0	1040	$1,400	$1.35	45d	1	1.01mi
3209 Westheimer Dr SW Unit 06 Huntsville, AL	1.0	1.0	553	$810	$1.46	45d	1	1.02mi
3621 N Crestview Dr NW Unit 2 Huntsville, AL	2.0	1.5	900	$895	$0.99	45d	1	1.05mi
3615 N Crestview Dr NW Unit 2 Huntsville, AL	2.0	1.5	920	$795	$0.86	25d	1	1.05mi
1208 Julia St NW Huntsville, AL	2.0	1.0	800	$745	$0.93	25d	1	1.14mi
3016 Holmes Ave NW Huntsville, AL	3.0	1.0	1092	$1,275	$1.17	25d	1	1.15mi
905 Fairway Dr NW Huntsville, AL	2.0	1.0	1000	$995	$0.99	45d	1	1.18mi
2714 7th Ave SW Unit D Huntsville, AL	1.0	1.0	1000	$795	$0.80	45d	1	1.18mi
3803 McVay St SW Huntsville, AL	1.0	1.0	865	$850	$0.98	45d	1	1.20mi
3801 Thomas Rd SW Unit 3917-05 Huntsville, AL	1.0	1.0	550	$725	$1.32	25d	1	1.20mi
3801 Thomas Rd SW Unit 3807-09 Huntsville, AL	3.0	2.0	950	$1,225	$1.29	25d	1	1.20mi
3801 Thomas Rd SW Unit 3917-08 Huntsville, AL	1.0	1.0	550	$725	$1.32	45d	1	1.20mi
3801 Thomas Rd SW Unit 3912-06 Huntsville, AL	2.0	1.0	795	$925	$1.16	45d	1	1.20mi
3801 Thomas Rd SW Unit 3814-01 Huntsville, AL	2.0	1.0	825	$1,025	$1.24	45d	1	1.20mi
3801 Thomas Rd SW Unit 3910-E Huntsville, AL	2.0	1.0	795	$925	$1.16	25d	1	1.20mi

Listing history 3 events

1. 2026-06-22
   days on market $135,000 Active 4 DOM
2. 2026-06-18
   remarks 313-char remark
3. 2026-06-18
   listed $135,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast AL · Resets to sale price

• Current annual tax: $751 · $63/mo
• Projected year-2 tax: $751 · $63/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 17% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,786
• − Mortgage interest: −$7,562
• − Property taxes: −$751
• − Insurance: −$675
• − Repairs & maintenance: −$1,103
• − Management: −$1,103
• − Depreciation: −$3,927
• Taxable loss: −$1,335
• Est. tax savings @ 24.0%: +$320
• After-tax cash flow: $1,290/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Huntsville City
• NCES district ID: 0101800
• Math proficiency: 21% ▼ -23.00%
• Reading proficiency: 46% ▬ 0.00%
• Median HH income: $48,264
• Composite: 28.84/100
• National rank: #6647
• State rank: #48 of 129 in AL

Livability — Huntsville

• Score: 82/100
• State rank: #3
• US rank: #1082

Category grades

Amenities B Commute A+ Cost of living A+ Crime F Employment C Housing A+ Health & safety A+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Huntsville, AL
• County: Madison County · 380,832 people
• City population: 220,435
• Metro: Huntsville, AL
• Population (ZIP): 20,856
• Household income: $35,385
• Rent vs Own: 59.4% rent · 40.6% own
• Severe rent burden: 1750.0

Population outlook (Madison County) Hauer SSP2

• Today (2025): 392,086 people
• By 2030: 409,788 · +4.5%
• By 2040: 440,557 · +12.4%
• By 2050: 460,990 · +17.6%
• By 2075: 502,872 · +28.3%
• By 2100: 513,623 · +31.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: White 40% Black 31% Hispanic / Latino 24% Two or more races 8%
• Hispanic origin (detail): Mexican 17% Puerto Rican 2%
• Common ancestry: Lithuanian 1% Slovak 1% Serbian 1%
• Foreign-born: 16% · Canada, Jamaica
• Languages at home: 76% English-only · Spanish 22% German/W. Germanic 1%

Political lean MEDSL · Madison

• 2024 margin: Lean R (+9.0) · D 44.7% · R 53.7% · Other 1.6%
• 2008→2024 swing: +6.0pp toward D · 2008: -14.9pp · 2024: -9.0pp
• All cycles: 2024: R+9.0 2020: R+8.0 2016: R+16.8 2012: R+18.7 2008: R+14.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -48.03%
• Current HPI: 228.6963
• Rent YoY: ▲ 1.82%
• Metro: Huntsville, AL
• State GDP YoY: ▲ 2.94%
• F500 in state: 4

Industry mix (Fortune 500 HQ in AL)

Industry	F500 HQs	Revenue
▸Financial Services	1	$8B
▸Healthcare	1	$5B

Price history

1 event — show timeline

• 2026-06-17 Listed $135,000 VMLS

Property tax history

+14.6%/yr

Latest (2024): $751 · +34.0% YoY. Source: county tax records.